HONOLULU-Alexander & Baldwin reported that Kewalo Development LLC, which develops the Waihonua condo tower in Honolulu, has been awarded a $120 million construction loan to finance a part of the $206 million development. Central Pacific Bank, Bank of Hawaii, Wells Fargo Bank and First Hawaiian Bank will provide the loan to construct the 43-story building comprising 341 units in Kakaako.
A&B Properties Inc., a subsidiary of Alexander & Baldwin, also inked a deal that guarantees nearly $20 million of the financing. For the full story, go to Pacific Business News .
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